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. Last Updated: 07/27/2016

IKEA Delays Siberian Store Opening

IKEA, the world's largest home-furnishing retailer, delayed a store opening in Novosibirsk after local authorities required the company to build road links in the surrounding area, IKEA spokeswoman Oksana Belaichuk said Friday.

The planned Nov. 1 opening has been put back by two to three weeks, Belaichuk said. IKEA "is working on a plan with the city's government for additional works to improve the transport infrastructure" and will set a new date once that is approved, she said.

The Swedish company, which has eight stores in Russia, is betting on sales in the country to help pace revenue growth in Europe, chief executive Anders Dahlvig said March 30. The country's retail market will expand by 6.3 percent per year on average through 2011 as economic growth boosts incomes and consumer spending, according to Euromonitor International.

Disputes with authorities have beset IKEA since its first store opened, in the Moscow region in March 2000. The retailer's outlet in Nizhny Novgorod was shut down in December for the holiday season after Emergency Situations Ministry inspectors found more than 800 fire code violations at the premises.